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Tax Treaty News: June 2016
Finland and Uzbekistan On 3 July 2016, the amending protocol of income tax treaty between Finland and Uzbekistan will enter into force that was signed on 8 March 2016. This protocol will apply from 3 July 2016 for matters relating to exchange of
See MoreTax Treaty News: May 2016
Belgium and Poland On 27 May 2016, the Belgian Council of Ministers approved the amending protocol of income and capital tax treaty with Poland that was signed on 14 April 2014 for the avoidance of double taxation and the prevention of fiscal
See MoreWorld Tax Brief: May 2016
Australia Main corporate tax rate: The government of Australia announced in the 2016–17 Budget that it will reduce the corporate tax rate progressively from 30 per cent to 25 per cent. Incentives for small business: The budget also Increased
See MoreTransfer Pricing Brief: May 2016
Sweden: BEPS related compliance Master File information: The Swedish Tax Agency has submitted a proposal to the Swedish Government for new Transfer Pricing documentation like Master File. Under the current proposal, the Master File reporting
See MoreTax Treaty News: April 2016
Azerbaijan and Malta On 29 April 2016, an income and capital tax treaty between Azerbaijan and Malta was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Baku. Bahrain and
See MoreUnited States: ADD/CVD Roundup for February 2016
Following table shows the Federal Register notices related to ADD/CVD cases for February 2016 in United States. Country Product Investigations Case Number Details Australia Certain Uncoated Paper Antidumping final determination. A-602-807 See
See MoreTransfer Pricing Brief: December 2015
Mexico: Financial Services: Interest-accruing debts incurred in constructing, operating or maintaining production infrastructure linked to strategic areas in Mexico will not subject to the thin capitalization rules. Base Erosion and Profit
See MoreWorld Tax Brief: December 2015
Australia GAAR: The Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015 received Royal Assent on 11 December 2015. The Bill implements a new anti avoidance rule designed to counter the erosion of the Australian tax base by
See MoreOECD: Harmonizing revenue statistics
Representatives of thirteen Asian Finance Ministries and tax administrations met on 14 and 15 October 2015 to consider a framework to increase the comparability of revenue statistics. The countries involved in the meeting were Cambodia, China,
See MoreTax Treaty News: October 2015
Czech Republic and Pakistan On 30 October 2015, the income and capital tax treaty between Czech Republic and Pakistan was entered into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreTransfer Pricing Brief: July 2015
India: Comparable data range: The Punjab and Haryana High Court confirmed a judgment in the case of CIT-I v. DSM Anti Infectives India Ltd. ITA No. 116 of 2014 of a tax appellate tribunal that certain companies could be appropriate
See MoreIMF-JICA conference supports inclusive growth for Asian frontier and developing economies
The third conference held by the IMF and JICA (the Japan International Cooperation Agency) has discussed the participation of frontier and developing countries in Asia in economic growth. In his opening remarks the deputy managing director of the
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